Roger Farmer

Source: Wikipedia, the free encyclopedia.
Roger E. A. Farmer
Born (1955-04-04) April 4, 1955 (age 69)
NationalityBritish-American
Academic career
InstitutionsUniversity of Warwick, University of California, Los Angeles (Distinguished Emeritus)
FieldEconomics
Alma materUniversity of Western Ontario
Doctoral
advisor
Joel Fried
Michael Parkin
Peter Howitt
Information at IDEAS / RePEc

Roger Edward Alfred Farmer is a British/American

New Keynesian economics which reintroduces a central idea from John Maynard Keynes' The General Theory of Employment, Interest and Money; that high involuntary unemployment can persist as a permanent equilibrium outcome. He provided an accessible introduction to these ideas in his 2010 book How the Economy Works,[8] and more recently, in his 2016 book Prosperity for All,[9] both of which were written for a general audience. The Farmer Monetary Model has different and high policy implications and relevance. Farmer's policy proposal to achieve full employment by controlling and stabilizing asset prices shows promise as a way to help prevent stock market crashes and deep recessions. His son is the economist Leland Edward Farmer, who joined the faculty at the University of Virginia in July 2017.[10]

Awards and honors

Education

  • Ph.D. Economics, University of Western Ontario, London, Ontario, Canada, 1982
  • M.A. Econometrics, Manchester University, Manchester, UK, 1977
  • B.A. Economics, First Class Honors, Manchester University, Manchester UK, 1976
  • Latymer Grammar School, London, UK, 1973

References

  1. ^ "Roger Farmer".
  2. ^ UCLA Economics bio
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  10. ^ "| Department of Economics".
  11. ^ "Special Issue: Market Frictions in Macroeconomic Dynamics". International Journal of Economic Theory. 15 (1). 2019.

External links